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Microcap & Penny Stocks : OWLD OneWorld Systems
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To: Richard Jurek who wrote (1360)4/2/1998 2:11:00 AM
From: Potato Farmer  Read Replies (2) of 1648
 
Richard, You're pretty much right on in your analysis. The product GVIL is holding out on is surely the "New York" which has been in development over 2 years. I cannot see how it can have a market against established products from Ascend, 3Com/USR, and Lucent's Livingstone, and "The Borg" (Cisco). It remains conceivable that one of those might still buy GVIL for a song -- they've all bought tiny players before. Or it may be that BOCI simply didn't want the product. Or, my guess, that BOCI felt it had to leave GVIL's management a bone to allow them to keep their jobs awhile.

We should have sold it all when Jim Walker quit and went to Diamond/Supra. CFOs quitting are a bad sign. Bad Bad Bad Sign. CFOs quitting and going to the competitor are even worse signs. I posted here that I would dump out of the stock if the December earnings were lousy and that's what I did.

Some folks here and on Yahoo are talking lawsuit. While they could conceivably have a cause of action, I doubt it. The rumors came from Yahoo, not from GVIL. And what would a suit bring? By the time it got anyplace, the company would be so far into chapter 11 it couldn't matter anymore.

My only tech stock now is a small position in HWP. So much for fishing for minnows, I've hooked a whale.

Pete F.
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